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View Full Version : Net income and return on assets


Chelc8907
Oct 24, 2010, 07:08 PM
Franklin mint and candy shop can open a new store that will do an annual sales volume of $750,000. It will turn over its assets 2.5 times per year. The profit margin on sales will be 6 percent. What would the net income and return on assets (investments) be for the year?